Tata Power’s arm acquires 30 MW solar project in Maharashtra – Feedback

Tata Power’s 100% subsidiary Tata Power Renewable Energy (TPRE) has won 30 MW solar gird connected PV project in Maharashtra under the National Solar Mission. TPRE has received the letter of intent to develop the project and it will sign a 25-year power purchase agreement with NTPC Vidyut Vyapar Nigam Ltd.

In a release, TPRE CEO and ED said: ” This is the third LoI received by TPREL in recent months and brings our solar bid wins to 145 MW. Receiving this LoI for 30 MW of non-fossil fuel energy will further add to our total generation capacity, thereby, significantly increasing our green footprint.” This move is in line with the government set target of 100 GW from solar energy by 2017, he said. ”We will continue to grow our capacity through organic and inorganic means over the next few years to contribute to Tata Power’s aggressive target of 20,000 mw of total capacity by 2025,” he added.


About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *